TransIndia Real Estate Faces Income Tax Department Search, No Immediate Impact

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TransIndia Real Estate Faces Income Tax Department Search, No Immediate Impact

Team Finance Saathi

12/Feb/2025

What's covered under the Article:

The Income Tax Department began a search at Transindia Real Estate Limited offices on February 10, 2025.
The company is cooperating with authorities and has provided necessary clarifications.
No financial or operational impact has been reported following the search.

TransIndia Real Estate Limited (formerly known as TransIndia Realty & Logistics Parks Limited) has recently informed the stock exchanges, BSE and NSE, regarding an ongoing search initiated by the Income Tax Department at its registered office and several corporate offices. The search began on February 10, 2025, and the company has been fully cooperating with the officials during the proceedings.

According to the official communication sent by Khushboo Dinesh Mishra, Company Secretary and Compliance Officer, TransIndia Real Estate is working closely with the Income Tax Department and is providing all necessary details and clarifications required. The company emphasizes that it remains committed to upholding the highest standards of ethical conduct and legal compliance.

Despite the search, TransIndia Real Estate has confirmed that there has been no immediate impact on its financial, operational, or other activities. The company also affirmed that it adheres to best practices in corporate governance and continues to value transparency.

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, the company shared the detailed information regarding the action initiated, and reassured stakeholders of its commitment to legal processes. The authorities have not issued any formal direction or order during the search proceedings, and no violations have been noted as of the latest updates.

The regulatory update is part of TransIndia Real Estate’s continuous efforts to maintain transparency and legal compliance in its corporate practices. The search does not appear to have had any quantifiable impact on the company's operations or financial status at this time.

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TransIndia Real Estate Faces Income Tax Department Search, No Immediate Impact

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